/biz/ - Business & Finance

>>57271212
where were you in january 2021, buddy

>>57054692
+0.84%

>>56854307
nah that's not me. i'm glowing rocks retard

>>56832735
shouldn't crypto be at $70k right now since it's digital gold? check the price again i think you got it wrong

>>56270846
a 3-month CD with a 5.45% coupon will pay you approximately a fourth of that rate, or 1.36%, at maturity.

solve X * 0.0136 = 25 and you find you need a principal of approximately $1840 to receive $25 back after 3 months.

finally, since you want this income weekly, you will need to roll these regularly. ignoring the lead time since you mean to do this perpetually, and given that there's 52 weeks in a year, you will need a principal figure of $95,680 plus about one hour of your time every week.

since your time is clearly worthless, this is 52 * $0 = 0 additional paid-in capital.

finally, you are only earning about $1300/year, but to account for taxes like the lazy slob you are, simply round the principal figure up to a perfectly achievable $2.5 million dollars

>>54461284
gold is up over 20% in the past six months or so. it already did 1650 to 1980 and just slapped upside confirmation down on the table at 2020.
i have been here defending it for a couple of years, because while it may pull back, its headed higher for longer, just like it did has for the past 23 years. i have not hidden any secret here. i have simply watched what happened to the gold price in yen, in japan, and done the legwork to establish that parallels exist for the US dollar -- reserve currency or not.
some have listened, but mostly i just get trash glowposter and cryptokek replies.
so, now what are you going to do?

>>51105683
if you want to be a truly good investor you have to leave all of those boards behind, and ignore 90% of this board, too.
i suppose you can go back to /x/ later to chuckle at some ghost stories, but the ideas and philosophies and attitudes of all four of those? they're for children. let it go. you need to follow your own inner voice to place your faith where it belongs, in jesus. if you need a social group to lift, you are insecure. arguing politics is beneath the investor, who uses others' ideological myopia to profit. and you don't have time for fantasy anymore, faggot.
you've got 10-K's to read.

>>50972268
this is a pure math problem, it has nothing to do with investing.
when investing, there is no choice between buttons. there is one button that contains in it both social problems and math problems, inextricably intertwined.
you press and hold the one button, and the longer you hold it, the more opportunities you have to start compounding small piles of money. you do not know when they come, or in what number, only that if you hold the button they will come. you know well the small piles of money that keep coming and you can control that, but the opportunities you don't know the timing or character, you know only that you must hold the button.
when you let go of the button, you will never start compounding again, even if you continue to earn small piles of money, but you do not have to do anything about the compounding that has already been running. those piles never go away until you pick them up and use them.
if you even see any other button and think it is also an investing button, you are not an investor. all the other buttons you can see, you can only speculate with.
holding the one button is: reading, understanding, learning, and gathering wisdom and insight.

>>50523266
>be friends with. (*period) this guy
oops.
anyway, continuing on, what is diligence, then? well you have to have a little bag of tricks to be very good at it, and i don't have them all yet, but at least i understand the beginning.
the first thing you need to do is start looking around on google and youtube and so on for real arguments against your subject of interest. you have to think about this intelligently because it's different for every buy target, but for crypto, it's pretty easy.
to get started, your search terms will be such as "crypto scam" and "celsius scam" and "mashinsky scam" and "mashinsky charged" and "mashinsky indicted" and "mashinsky criticism" and "celsius ponzi" and "celsius allegations" and "celsius debate" and "mashinsky allegations" and "mashinsky debate" and ...
you get the point. if you fail at an entire range of possible hits for these searches, you have 99% of your buy target in your blind spot. you don't even know the history of the guy. and not only do i do this up front with ALL of the board and ALL of the management, i recently found one of my investments was probably no good by going BACK and doing it again and mixing the names of management with a NEW set of verbs that had come to light. it is not one and done.
that right there is 1% of due diligence. "start with the A's."

>>50157333
having laid down my position here for years in advance and being right, thus winning the followers i deserve from among those who finally admit they were wrong
also close second: the "peter schiff was right" memes going into overdrive

>>49982583
>Also why gold is btfo by btc
>because no one will steal what is worthless in the first place
lmao

>>49894133
>miners
don't invest in miners. if you want to use them as a lottery ticket, either change everything you think you know about valuation so that you don't fuck up, or just use an ETF. i prefer URNM but there are others.
>physical
there is only one worth considering. and this is not advantageous to americans; do not use sprott's trust unless you are canadian. understand that, no matter how much uranium he buys, literally zero utilities are forced to buy it from him. he is betting on being able to contract in the term market, and out-price miners, for decades straight. this is... feasible. but it's also political.
>ETFs
the reason why i like URNM is the top holdings are perfectly adjusted. the rest is garbage. outside of the kazahks, cameco, rio tinto, paladin... it's all long-shot lottery tickets to me.
>early
no, no. people have been waiting well over a decade for this. we are right on time. i ran "glowing rocks general" for a bit and started a body of research entitled NUKE THE CHINKS 2021 but i just didn't feel like keeping it going. i'm too spur-of-the-moment. i have decided this year i will be a busy little bee buzzing "crypto will fail" into everyone's ear.

>>49819581
>stable at 1 for a while
>goes to zero
>stable at zero forever
what's the problem?